METAL FORMING: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
METAL FORMING
Largest movements
- Tangible fixed assets -€17,661
down €17,661 (-3.9%), from €456,496 to €438,834
of which Land and buildings: -€16,683
- Cash +€7,077
up €7,077 (+49.7%), from €14,235 to €21,312
mainly Depreciation (+€17,661) and Net result for the year (+€5,060)
- Receivables within one year +€6,209
new in 2025: €6,209
- Revaluation surpluses -€14,647
down €14,647 (-3.6%), from €408,187 to €393,541
- Reserves +€14,647
up €14,647 (+34.0%), from €43,140 to €57,787
of which Distributable reserves: +€14,647
- Other debts -€6,891
down €6,891 (-7.4%), from €93,096 to €86,205
- Profit (loss) carried forward +€5,060
up €5,060 (+3.3%), from -€153,696 to -€148,636
- Other operating charges +€1,801
up €1,801 (+5.6%), from €32,383 to €34,183
- Taxes -€1,000
no longer reported in 2025 (was €1,000)
- Gross operating margin -€857
down €857 (-1.5%), from €57,779 to €56,922
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €470,730 | €466,355 | -€4,375 | -0.9% |
| Fixed assets | 21/28 | €456,496 | €438,834 | -€17,661 | -3.9% |
| Tangible fixed assets | 22/27 | €456,496 | €438,834 | -€17,661 | -3.9% |
| Land and buildings | 22 | €455,517 | €438,834 | -€16,683 | -3.7% |
| Plant, machinery and equipment | 23 | €979 | - | -€979 | |
| Current assets | 29/58 | €14,235 | €27,521 | +€13,286 | +93.3% |
| Amounts receivable within one year | 40/41 | - | €6,209 | +€6,209 | |
| Trade receivables | 40 | - | €6,209 | +€6,209 | |
| Cash at bank and in hand | 54/58 | €14,235 | €21,312 | +€7,077 | +49.7% |
| Total equity and liabilities | 10/49 | €470,730 | €466,355 | -€4,375 | -0.9% |
| Equity | 10/15 | €371,999 | €377,059 | +€5,060 | +1.4% |
| Contributions | 10/11 | €74,368 | €74,368 | = | 0.0% |
| Capital | 10 | €74,368 | €74,368 | = | 0.0% |
| Issued capital | 100 | €74,368 | €74,368 | = | 0.0% |
| Revaluation surpluses | 12 | €408,187 | €393,541 | -€14,647 | -3.6% |
| Reserves | 13 | €43,140 | €57,787 | +€14,647 | +34.0% |
| Non-distributable reserves | 130/1 | €7,437 | €7,437 | = | 0.0% |
| Legal reserve | 130 | €7,437 | €7,437 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,210 | €4,210 | = | 0.0% |
| Distributable reserves | 133 | €31,493 | €46,140 | +€14,647 | +46.5% |
| Profit (loss) carried forward | 14 | -€153,696 | -€148,636 | +€5,060 | +3.3% |
| Amounts payable | 17/49 | €98,731 | €89,296 | -€9,435 | -9.6% |
| Amounts payable within one year | 42/48 | €97,379 | €89,296 | -€8,082 | -8.3% |
| Trade debts | 44 | €3,776 | €2,549 | -€1,227 | -32.5% |
| Suppliers | 440/4 | €3,776 | €2,549 | -€1,227 | -32.5% |
| Taxes, remuneration and social security | 45 | €507 | €543 | +€36 | +7.2% |
| Taxes | 450/3 | €507 | €543 | +€36 | +7.2% |
| Other amounts payable | 47/48 | €93,096 | €86,205 | -€6,891 | -7.4% |
| Accrued charges and deferred income | 492/3 | €1,353 | - | -€1,353 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,803 | €17,661 | -€142 | -0.8% |
| Other operating charges | 640/8 | €32,383 | €34,183 | +€1,801 | +5.6% |
| Gross operating margin | 9900 | €57,779 | €56,922 | -€857 | -1.5% |
| Operating profit (loss) | 9901 | €7,593 | €5,077 | -€2,516 | -33.1% |
| Financial income | 75/76B | €40 | €127 | +€87 | +216% |
| Recurring financial income | 75 | €40 | €127 | +€87 | +216% |
| Non-recurring financial income | 76B | - | €127 | +€127 | |
| Financial charges | 65/66B | €421 | €145 | -€276 | -65.7% |
| Recurring financial charges | 65 | €421 | €2 | -€419 | -99.6% |
| Non-recurring financial charges | 66B | - | €143 | +€143 | |
| Profit (loss) for the period before taxes | 9903 | €7,212 | €5,060 | -€2,152 | -29.8% |
| Income taxes | 67/77 | €1,000 | - | -€1,000 | |
| Profit (loss) for the period | 9904 | €6,212 | €5,060 | -€1,152 | -18.6% |
| Transfer to tax-exempt reserves | 689 | €4,210 | - | -€4,210 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,002 | €5,060 | +€3,058 | +153% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.